On November 6th, autonomous driving technology company Wenyuan Zhixing WeRide was officially listed on the Hong Kong Stock Exchange today. After becoming the world's first Robotaxi stock on NASDAQ, Wenyuan Zhixing became the first Robotaxi stock on the Hong Kong stock market and the first autonomous driving technology company to be listed on both the US and Hong Kong stock markets.
In this Hong Kong stock listing, the total number of global shares issued by the company (before Green Shoes) is 88.25 million shares. After triggering the call back mechanism, 17.65 million shares will be publicly issued, and 70.6 million shares will be allocated internationally at a price of HKD 27.1 per share, raising a total of HKD 2.39 billion (before Green Shoes).
Dr. Han Xu, founder and CEO of Wenyuan Zhixing, officially signed a voluntary lock up agreement on October 28th, promising not to reduce his holdings in the company for the next three years.
It is reported that Wenyuan Zhixing is the only technology company in the world whose products have obtained autonomous driving licenses in China, the United Arab Emirates, Singapore, France, Saudi Arabia, Belgium, and the United States. The L4 level autonomous driving fleet has a scale of over 1500 vehicles, including over 700 Robotaxis. Together with Uber, they operate the largest commercial Robotaxi fleet outside of China and the United States in the Middle East. The company plans to deploy tens of thousands of Robotaxis by 2030.
